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Academic literature on the topic 'Business enterprises Business failures Success in business'
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Journal articles on the topic "Business enterprises Business failures Success in business"
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Tóthová, Alena, and Miroslav Tóth. "Successes and Failures of Family Business in Slovakia." SHS Web of Conferences 83 (2020): 01068. http://dx.doi.org/10.1051/shsconf/20208301068.
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Family businesses are part of the world's economies, with an estimated 70-90% share of total performance. The history of family business in Slovakia is not continuous, so we can examine its level from the last 30 years of experience at most. The paper is focused on research of financial results of Slovak family enterprises, their confrontation with other types of enterprises, searching for trends in the level of their financial indicators and finally on the dependence between results and environment. In the research were used several methods, from which we can name mainly analysis, synthesis, comparison, mathematical-statistical methods. The obtained outputs are intended to identify strengths and weaknesses of family business in Slovakia.
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Taşdemir, Derya Çevik, Filiz Çayırağası, and Gülsüm Günbala Güven. "A Conceptual Study on Nepotism and Effects in Family Enterprises." INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT 3, no. 1 (2017): 59–64. http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.35.2004.
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An important part of the businesses in the world and in Turkey is a family business. In this context, the economy is largely dominated by family businesses. Literature studies showed that nepotic approaches are more common in family businesses than in other businesses. Nepotism, the problems that the family business has caused; non-institutionalization, increase in labor turnover rate, decrease in organizational commitment, decrease in productivity. It is directly related to the solution of nepotism problems in the family business, the increase of the market share, and the extension of the life span. This article is about nepotism and family businesses; success in family business, failure, strategy, etc. aims at conceptual evaluation of the effect in a holistic approach from the angles and within the frame of institutionalization.
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Baidoun, Samir D., Robert N. Lussier, Maisa Burbar, and Sawsan Awashra. "Prediction model of business success or failure for Palestinian small enterprises in the West Bank." Journal of Entrepreneurship in Emerging Economies 10, no. 1 (2018): 60–80. http://dx.doi.org/10.1108/jeee-02-2017-0013.
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Purpose The aim of this study is to examine the factors that lead to success or failure of a small business in the West Bank of Palestine. Design/methodology/approach This study methodology is a survey research, testing the Lussier model of business success and failure with a sample of 246 small businesses (90 failed and 156 successful) to better understand the reasons of their success or failure using logistic regression statistical analysis. Findings The model is significant (p = 0.000); it will predict a group of businesses as successful or failed more accurately than random guessing 99 per cent of the time. The model will also predict a specific small firm as successful or failed 94 per cent of the time vs. 50 per cent for random guessing. The r-square is very high (r = 0.70), indicating that the model variables are, in fact, significant predictors of success or failure. Results indicate that having adequate capital, keeping good records with financial controls, making plans and getting professional advice on how to manage the firm are the most important factors for the viability and success of small businesses. Practical implications With the high rate of small business failure globally, results of this study provide a list of variables that contribute to the success of small firms. Firms that focus on these important factors will increase their odds of success. Thus, avoiding failure, firms better utilize resources that contribute to economic growth. Originality/value This is the first study that looks at success and failure of small businesses in Palestine. There is no one single accepted theory that may be applied to small businesses. This paper aims to further contribute to the global validity of Lussier success and failure model moving toward a theory to better understand why some businesses succeed and others fail.
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Mnisi, Khazamula L., and Edward M. Rankhumise. "FACTO RS AFFECTING THE RUNNING OF SMALL AND MEDIUM ENTERPRISES IN GREATER GIYANI MUNICIPALITY." Commonwealth Youth and Development 13, no. 2 (2016): 72–85. http://dx.doi.org/10.25159/1727-7140/1147.
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There is increasing recognition of the potential contribution of small and medium enterprises towards economic growth and creation of job opportunities worldwide. This study was aimed at determining the factors that contribute to the success or failure of small businesses operating under jurisdiction of Greater Giyani Municipality. Data were collected via a focus group, which consisted of eight business owners. The findings revealed that business owners experience challenges, for instance, no entrepreneurial support is accessible to them and they struggle to get start-up capital for their businesses and as a result end up sourcing funds from micro-lenders. Most business owners have poor business skills, but they do not receive any training to enhance their capabilities, hence the likelihood of some businesses failing. Businesses are not being afforded the support they require. This could compromise the intentions of the government to encourage people to start businesses and thus improve their livelihood and the wellbeing of society. For these businesses to sustain their operations, it is important that they be provided with support, particularly in the form of start-up capital and business skills. Regarding future research, a study should be carried out on a large scale in order to allow for generalisability of these findings to the entire Limpopo province.
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Hsiao, Yuan-Du, Ching-Chow Yang, Wen-Tsann Lin, and Wei-Cheng Lee. "A study on key failure factors for introducing enterprise resource planning." Human Systems Management 26, no. 2 (2007): 139–52. http://dx.doi.org/10.3233/hsm-2007-26206.
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ERP (enterprise resource planning) is a management information system that optimizes distribution of enterprise resources and helps a business to integrate all its resources for fast and effective application to improve its operational performance and enhance its competitiveness. Consequently, a failure evaluation model for introducing ERP, together with the factors and reasons for failures are presented in this research, acting as a reference for businesses when planning and making important decisions on ERP. This study uses the DMAIC of the 6-Sigma approach and a failure evaluation model for introducing ERP that involves expert opinions, a questionnaire, V-shaped performance evaluation matrix (PEM), statistical methods, QFD & FMEA (quality function deployment & failure mode and effects analysis) methods, and QFD & AHP (quality function deployment & analytic hierarchy process) methods to find 6 key success factors and 8 key strategies for introducing ERP. The results of empirical application indicate that internal employee complaints were reduced, supply efficiency of chain suppliers was increased, and customer complaints about quality were decreased. Therefore, the approach presented in this paper is truly effective for business. It is hoped that these key factors can serve as references for other enterprises when introducing ERP.
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R, Seenivasan. "The successful and failure of entrepreneurs of small industrial business with emphasis on their level of education and training." Journal of Management and Science 10, no. 1 (2020): 56–63. http://dx.doi.org/10.26524/jms.2020.7.
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This paper examines the determinants of business start-up, long and short-term success, and failure of small businesses. Entrepreneurs and small firm success and failure have been the subject of extensive research. It is important to understand the external, internal, and motivational factors responsible for business start-up, the barriers faced during the initial and continuous stages of trading and the advice and assistance available to entrepreneurs. This paper is aiming in explaining the main factors are related to successful and failure of entrepreneurs in small industrial business in Ahvaz city. Based on a random sampling 51 enterprisers marked as successful and failures are selected. The data collected based on a triangulation method (interview, questionnaire, and observation). The results show that: a- from the failure entrepreneurs point of view the following issues were important effects on their weak performance and failure their business: weak managing technical skills, financial issues, planning and organizing of their business, economic issues, informal issues, weak managingconceptual skills, personnel skills, education and low training, and weak human relation. b- from the successful entrepreneurs point of view the following issues were important effects on their high performance in their business: suitable managing technical skills, selecting appropriate personnel with relevant skills, education and paying more attention to personnel training,application of management conceptual skills, financial issues, better human relation, recognizethe economic situation, planning and organizing of their business and informal issues.
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Chouksey, Aradhana, and Yamini Karmarkar. "Sustainability of Microbusinesses and Success of Microfinance." Paradigm 21, no. 1 (2017): 91–105. http://dx.doi.org/10.1177/0971890717700527.
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Emergence of microfinance facilities has raised self-employment opportunities for the disadvantaged group. There are many small and micro entrepreneurs who have started their business with funding support from microfinance agencies. Though this increased funding resource has increased the number of businesses that are started by entrepreneurs in rural areas, another important fact is that all these new businesses are not necessarily successful. In Malwa region of Madhya Pradesh (MP), only 20 per cent of businesses funded by microfinance agencies are profitable. There are multiple reasons behind this lack of success of microenterprises. There are paucity of information in selection of right opportunity, absence of technical assistance, lack of business knowledge and marketing and finance skills, which are few of them. This is an alarming sign for funding agencies as higher failure rate of microenterprises bound to jeopardize, the sustainability of the microfinance in long term and retard the development of region. This research conducted on microenterprises of Malwa region of MP tries to identify the specific training needs of microfinance clients. Further, this research tries to evaluate empirically what are the potential and sustainable microbusiness opportunities, which can be started and run by people of disadvantage groups. Empirical findings through a survey designed on a sample of 54 microenterprises of eight villages of Malwa region show that any microbusiness having higher ratio of working capital to fixed capital investment are successful in Malwa region. Also, it is found that the most important training need of these enterprises is in the field of ‘managing finance’ for small business.
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Chung, Stephanie Po-Yin. "Surviving Economic Crises in Southeast Asia and Southern China: The History of Eu Yan Sang Business Conglomerates in Penang, Singapore and Hong Kong." Modern Asian Studies 36, no. 3 (2002): 579–617. http://dx.doi.org/10.1017/s0026749x02003037.
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Prologue: Business Environment and Economic BehaviorFor more than two decades, sociologists, historians and economic geographers have produced many case studies on Chinese family businesses. A major consensus of these works suggests that ‘networking’, especially ethnic and familial, is extremely important to Chinese businesses. Various models and theories have been employed to explain this phenomenon. Notable among these explanations is the idea of Chinese entrepreneurship. According to this idea, such ethnicity-based groups as the Cantonese and the Fujianese (of the provinces of Guangdong and Fujian), are regarded to be culturally oriented towards business entrepreneurship and the cultivation of business networks. Before the outbreak of the Asian economic crisis in October 1997, many researchers believed that ‘Chinese entrepreneurship’ and the ‘business culture of networking’ contributed to the success of Chinese businesses in Asia (especially in the ‘Four Little Dragons’ of coastal Asia). For example, Confucian ethics and its emphasis on familial and ethnic networks is regarded as an asset for business expansion by Chinese international enterprises based in Hong Kong, Taiwan and Singapore. After the outbreak of the crisis, more research on the nature of Chinese entrepreneurship and the culture of networking was carried out. This research started from a different angle. The reliance on politically secured economic privileges (i.e.; nepotism), was identified as a defect of networking and thus, one of the major underlying causes of the crisis. The claim that the culture of networking contributes to business success actually offers a readily available explanation for its failure as well (see for examples Redding, 1990; Yeung, 1997; Yeung, 1998).
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Thompson, Corrinne, Maria Bounds, and Geoff Goldman. "The status of strategic planning in Small and Medium Enterprises: Priority of afterthought?" Southern African Journal of Entrepreneurship and Small Business Management 5, no. 1 (2012): 34. http://dx.doi.org/10.4102/sajesbm.v5i1.26.
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<p>Small and medium enterprises (SMEs) are faced will many challenges, and the development of a sound strategy for the SME could define how these challenges are met which, in turn, could mean the difference between success or failure of the enterprise. If a sound strategy is major contributing factor to the success of a small business, but the evidence of sound strategic management (as taught in universities and business schools) is not present in successful SME’s, one could question the way strategic management is conceptualised. The study thus aims to gather a greater understanding of strategic management – and strategy formulation practices in particular – within SME’s. The study employed a qualitative, descriptive design with semi-structured interviews conducted with 12 SME owners in Gauteng. Findings reveal that the majority of participants were in favour of and supported the notion of having a strategy for small and medium enterprises, but none of them made reference to a formal process regarding strategy formation.</p><p><strong>Key words:</strong> Strategy; strategy formulation, small and medium businesses; planning; qualitative research</p>
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Msimango-Galawe, Jabulile, and Elona N. Hlatshwayo. "South African business incubators and reducing the SME failure rate – A literature review." Problems and Perspectives in Management 19, no. 2 (2021): 194–205. http://dx.doi.org/10.21511/ppm.19(2).2021.16.
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Small business failure is one of the biggest challenges faced by developing countries, and business incubators have been touted as a solution to reducing the failure rate of these small and medium-sized enterprises (SMEs). Thus, the number of business incubators has escalated worldwide, including South Africa. Consequently, significant time has been devoted to researching business incubators and their role in SME success. However, the effectiveness of these incubators is still in question, thus a study is being conducted to determine how effective business incubators are in reducing the failure rate of SMEs.The findings show that there are some improvements in SMEs that have been incubated or supported, but not enough to make a dent on the failure rate at the country level, as the failure rate has stubbornly remained the same. One of the concerning key findings is that there is a misalignment between the goals of business incubators (BIs) and the SMEs’ needs. SMEs are looking for access to finance and access to markets, while BIs are offering office space and other support services. BI and SME goals need to be more aligned if we are to effectively enhance small business development interventions and reduce current failure rates. More empirical research is still needed to measure and quantify the effectiveness of BIs to SME failure rates, as no research has attempted to link a business incubator to both the success of individual SMEs and the country’s SME failure rate.